Page 1 of 1
30-03-2020 02:04 PM
Baghdad / news
The strategic expert, Karim Al-Karawi, revealed that the net oil price for Iraq reaches only $ 10, noting that this matter means bankruptcy of the state treasury.
Al-Karawi told Al-Ikhbaria that "oil reached $ 20, foreign production companies deducted production costs and accounting firms also deduct a percentage from it, as well as Kuwait compensation and loan interest, which means that its net price to Iraq reaches ten dollars."
He explained that "the extraction companies are not obligated to reduce production and this means bankruptcy of the state treasury and will lead us to the same position as Greece", indicating that "the only solution is to nationalize the oil and issue treasury bonds that are payable after a period of five years on the price of a barrel of oil not less than $ 50 and a schedule Foreign debt and expenditure pressure, but before all these steps we need an economic mindset, such as the Greek financial whiz who led negotiations with Europe.
- GURU HUNTER
- Posts : 18677
Join date : 2015-02-19
Page 1 of 1
Permissions in this forum:You cannot reply to topics in this forum